31 Clarke Rd
London, N5W 5W5
FOR SALE
$2,499,900
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4 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS8
ROOMSX8435070
MLSIDContact Us
Property Description
Attention Builders and Developers! Here's your chance to secure an expansive 1.983-acre lot with outstanding future development potential. Located in a prime, highly sought-after area, this exceptional piece of land offers a blank canvas for visionary projects, ideal for creating a vibrant residential community. This property features transit right on your doorstep and is minutes away from the 401, Argyle Mall, schools, colleges, parks, and places of worship, and many more amenities. It offers unmatched convenience and accessibility for future residents. Don't miss this rare opportunity to invest in a promising development site. Act now to secure this exceptional property and turn your development dreams into reality!
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Property Details
Street
City
Property Type
Detached, Bungalow
Lot Size
180' x 479'
Fronting
East
Taxes
$5,262 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
10
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 8.20' x 8.20' |
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London Market Statistics
London Price Trend
31 Clarke Rd is a 4-bedroom 2-bathroom home listed for sale at $2,499,900, which is $1,616,926 (183.1%) higher than the average sold price of $882,974 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in London increased by $4,873 (0.6%) compared to the previous 30 day period (September 22 - October 21) and down $178,526 (16.8%) from the same time one year ago.Inventory Change
There were 143 4-bedroom homes listed in London over the last 30 days (October 22 - November 20), which is down 1.4% compared with the previous 30 day period (September 22 - October 21) and up 741.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($25,818) (2.9%) below asking price over the last 30 days (October 22 - November 20), which represents a $4,415 decrease compared to the previous 30 day period (September 22 - October 21) and ($14,450) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in London over the last 30 days (October 22 - November 20) stood at 63.6%, up from 42.8% over the previous 30 days (September 22 - October 21) and up from 23.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in London stood at 31 days when successfully sold over the last 30 days (October 22 - November 20), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Champs Real Estate Brokerage Inc.
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